Monday, April 23, 2018


On Trade, No One Is Waiting for Washington
Excerpt: Trump’s protectionism hasn't stopped increasing cooperation in the rest of the world.. President Donald Trump’s flips and flops on trade are now as ubiquitous as his 5:00 a.m. tweets. Many predicted that trade-expansion efforts would come to a standstill and world commerce would suffer amidst all the uncertainty. Instead, the precise opposite has happened. In the last few months, it’s become clear that, while we may have historically been this trade system’s champion, we are no longer its linchpin. America’s president has zigzagged mightily. He warns of steel and aluminum tariffs on allies, then he exempts key countries. He threatens a trade war with China, then he backtracks. He calls the WTO a “disaster,” then his top officials sing its praises. He withdraws from the TPP immediately after taking office, and now it seems he wants back in.

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